Gold-USD exhibits a bearish trend in both basic and short-term analyses, suggesting a potential selling opportunity if the price stays below a specified resistance level. Breaking through support levels reinforces the likelihood of the trend’s continuation. Key bearish targets are identified at progressive price points. Traders should exercise caution, as a rise above the resistance could indicate a weakening trend and potential rebound. Trading against this trend is deemed riskier. Short-term technical indicators support the bearish outlook, while monitoring for excessive bearish momentum is advised, which might trigger minor rebounds.
GOLD – USD – 1H
